Saudi Aramco dethroned Apple as the world's most valuable company as surging oil prices drove up shares. Aramco traded near its highest level on record with a market capitalization of about $2.43 trillion. Apple, meanwhile, was valued at $2.37 trillion when official trading ended on Wednesday. The iPhone maker fell 5.2% to close at $146.50 per share, giving it a valuation of $2.37 trillion. The sinking share price came despite Apple reporting better-than-expected profits in the first 3 months in 2022. Watch the full video for more.

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